Wednesday, August 26, 2020

Jeopardising govt's efforts, Pak senate rejects two FATF-linked bills

 

Pakistan's Opposition-commanded Senate has dismissed two bills identified with the extreme conditions set by the FATF, imperiling the administration's endeavors to escape from being boycotted by the worldwide tax evasion and fear monger financing guard dog.

The move drew a solid response from Prime Minister Imran Khan who blamed the Opposition heads for attempting to set aside their illicit cash.

The Anti-Money Laundering (Second Amendment) Bill and the Islamabad Capital Territory (ICT) Waqf Properties Bill, passed by the National Assembly daily previously, were dismissed through a voice vote by the Senate on Tuesday.

The enactments were a piece of endeavors by Pakistan to move from the FATF'S dark rundown to the white rundown.

The Paris-based Financial Action Task Force (FATF) put Pakistan on the dark rundown in June 2018 and solicited Islamabad to execute an arrangement from activity before the finish of 2019 however the cutoff time was stretched out later on due to COVID-19.

The 104-part Senate, where the Opposition appreciates a lion's share, dismissed two bills after Leader of the House Shahzad Waseem would not delicate a statement of regret for comments that he made against the Opposition initiative a week ago, Dawn paper said.

Waseem without naming the Opposition chiefs blamed them for being engaged with illegal tax avoidance.

The bills will currently be taken in the mood for casting a ballot at a joint meeting of Parliament.

Today in Senate, the Opposition crushed two basic FATF-related bills: Anti Money Laundering and ICT Waqf bills. From the very first moment I have kept up that oneself serving interests of the Opposition heads and the nation's advantages are different, Prime Minister Imran Khan tweeted.

The Opposition chiefs have gotten frantic to set aside their degenerate cash by attempting to keep parliament from working; by trying to subvert the administration's powerful COVID-19 technique a perceived worldwide example of overcoming adversity and now by attempting to undermine Pakistan's endeavors to exit FATF dark rundown, he said.

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